Business and Tech

The Canada News Daily With the recent focus on the Supreme Court’s involvement in lawmaking, it is not surprising that many have eagerly awaited their decision on affirmative action. However, it seems that Congress may beat them to the punch. In a recent bill called the MERIT Act, Senators Todd Young (R., Ind.) and Tim…

The Canada News Daily 1. Former NYSE President in Talks to Reboot FTX Exchange According to a recent report from the Wall Street Journal, former New York Stock Exchange President, Tom Farley, is currently in negotiations to revitalize the FTX Exchange. This venture marks Farley’s foray into the world of cryptocurrencies, as he competes with…

The Canada News Daily In recent months, two high-profile legal cases involving former President Donald Trump and his family have garnered significant attention. The first involved E. Jean Carroll’s rape accusation against Trump, while the second, currently in trial, sees New York Attorney General Letitia James taking on the Trump Organization. As an astute observer…

The Canada News Daily Private credit, a relatively new phenomenon that barely existed a decade ago, has grown exponentially as traditional banks have become cautious about lending. Major players in the financial industry, such as Apollo, BlackRock, and Goldman Sachs, are increasingly investing in this shadow banking space, alongside newcomers like DWS Group, Fidelity, and…

The Canada News Daily Elon Musk’s acquisition of Twitter for $44 billion last year made headlines, with many questioning the steep price tag. Recent developments have only deepened the concerns surrounding the social media platform’s valuation. Last week, Twitter revealed its new employee equity compensation plan, placing the company’s value at $19 billion, significantly lower…